Oct 28 (Reuters) - Link Administration Holdings Ltd LNK.AX :
* LINK ADMINISTRATION HOLDINGS LTD - UPDATE ON NON-BINDING INDICATIVE PROPOSAL TO ACQUIRE LINK-LNK.AX
* REFERS TO INDICATIVE PROPOSAL FROM A CONSORTIUM COMPRISING PACIFIC EQUITY PARTNERS, CARLYLE GROUP AND THEIR AFFILIATES
* BOARD HAS CAREFULLY CONSIDERED REVISED PROPOSAL, INCLUDING OBTAINING ADVICE FROM ITS FINANCIAL, TAX AND LEGAL ADVISORS
* REVISED PROPOSAL "DOES NOT REPRESENT COMPELLING VALUE FOR LINK GROUP SHAREHOLDERS ON A CONTROL BASIS"
* CONSIDERS THAT IT IS APPROPRIATE TO PROVIDE CONSORTIUM WITH DUE DILIGENCE INFORMATION ON A NON-EXCLUSIVE BASIS
* CONTINUES TO EXAMINE STRUCTURAL ALTERNATIVES
* DUE DILIGENCE INFORMATION WILL BE PROVIDED SUBJECT TO ENTRY INTO AN APPROPRIATE CONFIDENTIALITY AGREEMENT
* CONSULTED WITH A NUMBER OF SHAREHOLDERS, GOT FEEDBACK ON REVISED PROPOSAL